Why is it a red flag to pay cash at Louis Vuitton?
Why is it a red flag to pay cash at Louis Vuitton?
One reason why paying in cash would be a problem at Louis Vuitton is that most of their items are thousands of dollars. When someone is paying in cash with that amount of money, for any product, it can be a sign of trying to hide something.
Can you be red flagged for paying cash?
But paying cash sometimes raises a red flag: a concern that someone might be laundering ill-gotten gains by purchasing property and then selling it a short time later – turning money that was obtained illegally into funds that are difficult, if not impossible, to trace.
Why is Jen Shah red flagged at Louis Vuitton?
The first was that she heard that Shah had been “red-flagged” at Louis Vuitton for always paying for her purchases in cash. The second was that one of Jen’s “Shah Squad” employees stole merchandise from Marks’ store.
How do you pay for Louis Vuitton?
Payments can be made by debit card, credit card or bank transfer depending on the country you are purchasing from. In order to pay by bank transfer, please contact our Client Services. Accepted cards are Visa, Mastercard, American Express. Your bank will be approached for authorization.
How much cash can you spend without raising a red flag?
The $10,000 Rule Ever wondered how much cash deposit is suspicious? The Rule, as created by the Bank Secrecy Act, declares that any individual or business receiving more than $10 000 in a single or multiple cash transactions is legally obligated to report this to the Internal Revenue Service (IRS).
How much do Louis Vuitton cashiers get paid?
Highest Paying Jobs At Louis Vuitton A worker with the title brand director salary at Louis Vuitton can earn an average yearly salary of $134,173. Other roles at Louis Vuitton include cashier and marketing internship. A cashier at Louis Vuitton earns an average yearly salary of $26,122.
